Inside Tasmania is opposed to religious, government and corporate psychopaths. Inside Tasmania is protected by international laws and treaties covering free speech and the freedom of journalists. We maintain the right to publish and be damned. insidetasmania@gmail.com

11 Feb 2013

Labor Chose The Board That Chose To Invest In Big Tobacco

The Federal Labor government put pictures of dead people on cigarette packs so why have Tasmanian Labor invested $27.19 Million in tobacco? It's too convenient for
Lara Giddings to claim her government are not investing in big tobacco because the state-owned Retirement Benefits Fund makes their own decisions. The fact is most of the RBF board are 'Nominees of the Minister'.
Tasmania has had a Labor government for decades so everything the RBF does
is with the approval of the Labor government. The RBF were there when
the government needed them to buy Hobart Airport at a massively inflated
price. Their partner in the scam was the dubious Macquarie
Bank. Pretty convenient having an ex-treasury head like Don Challen (above) on
the RBF board when the government needs to remove cash from the savings of their own employees? 'Labor values' eh Lara?

"THE Retirement Benefit Fund’s $99.8 million investment in the
Hobart International Airport again has proved disappointing with no
dividend on the investment in 2011-12.

While partner Macquarie Global Infrastructure pocketed $2.2 million
in management fees, the RBF received nothing on behalf of Tasmanian
superannuation investors because of a crippling debt burden".

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The Controlled Expansion Of Building 7

Everyone is entitled to their own opinions but they are not entitled to their own facts.Moynihan

'When we follow the money trail up through the pyramid of world power, past the corporations, past the corrupt politicians, past the front groups and past the mainstream media propagandist – we always find it leads to the Rothschild Banking Cartel, which is sitting quietly at the top, well behind the scenes'.